Economic & Fiscal

Xcel Energy Ordered to Refund Millions After Nuclear Plant Shutdown
Economic & Fiscal Xcel Energy Ordered to Refund Millions After Nuclear Plant Shutdown

In a significant decision affecting thousands of utility customers, Minnesota regulators have mandated that Xcel Energy issue a multimillion-dollar refund due to an accidental severance of underground cables. This incident led to an extended shutdown of the Prairie Island nuclear power plant,

Government's Growth Strategy Criticized for Ignoring Poverty Crisis
Economic & Fiscal Government's Growth Strategy Criticized for Ignoring Poverty Crisis

The Joseph Rowntree Foundation (JRF), an anti-poverty charity, has issued a stern warning regarding the UK Government's current economic strategy, arguing that the focus on achieving high economic growth before addressing immediate social issues is unlikely to alleviate poverty. According to

UK Faces Record Borrowing Levels as Reeves Prepares First Budget
Economic & Fiscal UK Faces Record Borrowing Levels as Reeves Prepares First Budget

The recent surge in government borrowing marks a pivotal moment for Chancellor Rachel Reeves as she gears up to present her inaugural Budget on October 30, 2024. Official statistics reveal that borrowing soared to £13.7 billion in August, surpassing the previous year's figure by £3.3 billion. T

Federal Spending Boosts Incumbent Re-election Odds, Hurts Long-term Economy
Economic & Fiscal Federal Spending Boosts Incumbent Re-election Odds, Hurts Long-term Economy

Federal spending, particularly during times of crisis like the COVID-19 pandemic, has far-reaching implications beyond immediate economic relief. The allocation of federal financial aid has been found to significantly enhance the re-election prospects of political incumbents while posing potential

How Will the 2024 UK Sanctions Regulations Impact Businesses?
Economic & Fiscal How Will the 2024 UK Sanctions Regulations Impact Businesses?

The recently introduced UK legislation, The Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024, is set to significantly alter the landscape of sanctions enforcement in the UK. These new rules, effective October 10, 2024, enhance the enforcement capabilities of the

Biden's Green Energy Push Faces Economic Criticism Amid Spending Surge
Economic & Fiscal Biden's Green Energy Push Faces Economic Criticism Amid Spending Surge

The Biden administration has quickly funneled billions into green energy and climate initiatives, driven by the looming threat of a potential Republican takeover of the White House. Fearful that a new administration might rescind allocated funds, the current government is racing against time to

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